Over the course of the 1990s, the US outperformed Europe not only in output growth, but also in productivity and employment generation, thereby stopping Europe's decade-long period of catching up. The author shows that the growth difference originates at least partly from insufficient investment...

The stylized fact that regional concentration is lower in Europe than in the USA has led to the prediction that the creation of the Single Market might increase spatial concentration in Europe. This has raised some fears that the social and political burden of rapid change might counterbalance...